Tata Chemicals Wins Arbitration Case, Claim of ₹908 Cr Rejected

Tata Chemicals Ltd has received a final award from the Mumbai Centre for International Arbitration (MCIA) in a case filed by Allied Silica Limited (ASL) and its promoter. The arbitration tribunal unanimously rejected ASL's claim of ₹908 crore against Tata Chemicals. However, a majority of the tribunal directed Tata Chemicals to pay a principal amount of ₹1 crore, along with interest and certain costs, a decision opposed by the dissenting member. The company is currently reviewing the award and evaluating its next steps.